Alithya Group Inc. (TSE:ALYA) Stock Has Consensus Target Price of C$1.47 According to Brokerages

Alithya Group Inc. (TSE:ALYA) has received a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$1.47.

Several brokerages have recently weighed in on ALYA. Desjardins lowered shares of Alithya Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$1.55 to C$1.15 in a report on Friday, August 14th. Ventum Financial downgraded shares of Alithya Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from C$2.00 to C$1.35 in a report on Tuesday, August 18th. ATB Cormark Capital Markets lowered shares of Alithya Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$1.60 to C$1.35 in a research report on Friday, August 14th. Barrington Research downgraded shares of Alithya Group from an “outperform” rating to a “market perform” rating in a research note on Friday, August 14th. Finally, Ventum decreased their price target on shares of Alithya Group to C$2.00 and set a “buy” rating on the stock in a report on Monday, June 15th.

Alithya Group Stock Performance

TSE ALYA opened at C$1.15 on Friday. The business’s 50-day moving average price is C$1.12 and its 200 day moving average price is C$1.19. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 95.41. Alithya Group has a twelve month low of C$0.94 and a twelve month high of C$2.20. The company has a market capitalization of C$111.28 million, a PE ratio of -2.67, a price-to-earnings-growth ratio of 2.38 and a beta of -0.84.

Alithya Group (TSE:ALYA) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.04 EPS for the quarter. Alithya Group had a negative return on equity of 27.81% and a negative net margin of 9.03%.The company had revenue of C$105.05 million during the quarter. On average, research analysts predict that Alithya Group will post 0.0400733 earnings per share for the current year.

About Alithya Group

Alithya Group Inc is a leader in Strategy and digital transformation, with professionals in Canada, the us, and Europe. Its integrated offering is laid out as follows: Strategy, custom solutions, Microsoft solutions, and Oracle solutions. Clients entrust the company with their strategic projects across Banking, Investment and Insurance, Energy, Manufacturing, Retail and Distribution, Telecommunications, Transportation, Professional Services, Healthcare, and Government sectors. Geographically, it derives a majority of revenue from Canada.